Davidson Investment Advisors Has $403,000 Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Davidson Investment Advisors cut its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,028 shares of the bank’s stock after selling 320 shares during the quarter. Davidson Investment Advisors’ holdings in Glacier Bancorp were worth $403,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Financial Advocates Investment Management increased its position in Glacier Bancorp by 1.9% during the fourth quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock worth $817,000 after acquiring an additional 311 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Glacier Bancorp by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock worth $1,121,000 after purchasing an additional 350 shares in the last quarter. Mather Group LLC. increased its position in shares of Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after purchasing an additional 362 shares during the period. Truist Financial Corp raised its stake in Glacier Bancorp by 0.5% in the fourth quarter. Truist Financial Corp now owns 79,073 shares of the bank’s stock valued at $3,971,000 after purchasing an additional 388 shares in the last quarter. Finally, Cladis Investment Advisory LLC lifted its position in Glacier Bancorp by 1.6% during the third quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after purchasing an additional 500 shares during the period. Institutional investors own 80.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on GBCI shares. Stephens raised shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a report on Friday, February 7th. Raymond James reiterated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Piper Sandler lowered their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Truist Financial raised their target price on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods upped their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Down 1.3 %

Shares of NASDAQ:GBCI opened at $49.82 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The company has a market capitalization of $5.65 billion, a PE ratio of 29.83 and a beta of 0.80. The company has a fifty day moving average of $50.87 and a 200-day moving average of $49.37.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.65%. Glacier Bancorp’s dividend payout ratio is presently 79.04%.

Glacier Bancorp Profile

Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.